Why Merchant Service Providers Are the Most Important Partner Your Business Will Ever Have
The relationship between a business and their Merchant Services Provider is a crucial relationship (and probably the most important relationship a business will have) that is essential for companies of all sizes to process their payments and provide a comprehensive suite of virtual services they can benefit from. Firstly, a Merchant is a business that […]
Banking-as-a-Service & Platform-as-a-Service- What They Mean and Why They Matter to You
2020 has been a rapidly evolving year for Fintechs and blockchain-related enterprises. We have gone into depth discussing fintechs in previous blogs- such as the role fintechs will play in a post-Covid-19 economy: https://www.apaylo.com/2020/06/30/the-extremely-important-role-fintechs-will-play-in-the-post-covid-economy/. We also discussed some interesting fintech and cryptocurrency facts: https://www.apaylo.com/2020/06/30/mind-blowing-fintech-and-cryptocurrency-facts-and-figures/ To quickly recap- especially for our newer readers- Fintech is defined […]
What Are Payment Rails?- and Reasons to Modernize Your Payment Systems and Go Digital!
What Are Payment Rails?- and Reasons to Modernize Your Payment Systems and Go Digital!
The 500-Year History of Cheques: And Why Today They Are (Almost) Obsolete
Have you ever noticed that the good old paper cheque seems to be appearing less and less as time goes on? Just 25 years ago- in 1995- the popularity of the cheque had hit its peak- with an estimated 49.5 billion cheques written in that year alone. In the 2000s, they were replaced by new […]
What Is Decentralized Finance (#DeFi)- and What Does This Mean for Traditional Banking?
DeFi is a unique new term that you may have heard with increased frequency over the past couple years- especially since 2018. Short for Decentralized Finance, it refers to a financial ecosystem- built with blockchain- that varies from traditional banking in the sense it is not managed by a central governing body. You must be thinking: why would anyone want such a system?
SMALL & MIGHTY – Business Excellence Awards (presented by Keywest) – New Business Of The Year Winner
The last few weeks have been extremely busy at Apaylo. From beta testing new products to receiving blog nods for our top-notch fraud prevention here – it seems like we are in the middle of a wave of good news. Surf’s up! The next piece of good news came through email yesterday! We are so […]
WELP MAGAZINE: 17 Best Fraud Detection Startups Making The World a Safer Place
Looks like we are up for another award! Special thanks to Welp Magazine, who recently posted on their Facebook, letting us know that we made it on their “17 Best Fraud Detection Startups Making The World a Safer Place”. How cool is that? Thanks, Welp Magazine, you’re not so bad yourself! ✌️ Here is a […]
Open Banking: The Future of Retail Banking and Financing
Open banking is an exciting new financial services industry trend that is enabling third-party providers (TTPs) to offer a host of new services- and will shake up traditional banking models as we surge into the future. TTPs are defined as an authorized online service provider operating within the open banking realm. They exist outside of […]
Post-COVID Commerce Trends: Why Direct to Consumer Businesses Should Update Their Payment Systems
The Covid-19 pandemic has uprooted existing business models and forced many companies to re-evaluate their methods of doing business. Several new trends in the business world are taking shape- and companies who are quick to adapt will be the clear winners in an increasingly competitive environment. One such trend emerging is the sharp increase in […]
E-Transfer: Bank of Canada Designated It a ‘Prominent Payment System’- and What This Means For You
Over the past few weeks, we have discussed different types of payment systems and how they work. Both EFT (Electronic Funds Transfer) (https://www.apaylo.com/post/what-you-need-to-know-about-eft-electronic-funds-transfer-in-canada) and ACH (Automated Clearing House) (https://www.apaylo.com/post/the-advantages-of-using-ach-transfers-for-individuals-and-businesses) are payment systems offered by Apaylo to our clients- and each have their own set of advantages- namely cost and time savings. In Canada, there is […]